Bitcoin must hold the $94K level!

🔎 CryptoQuant’s CEO notes that for investors who bought BTC 6–12 months ago, the realized cost basis is around $94,000.

🫣 As long as this level holds, it’s too early to call a bear market.

But looking at current price action… it might be the right time to start thinking about what to do if growth doesn’t return 🧐

😱 Friday opens with extreme fear — and another $1B in liquidations

Crypto markets woke up in chaos: over $1,000,000,000 in positions were liquidated overnight as BTC dipped below $97K. 📉

We haven’t seen these prices since May 2025, and the sentiment has flipped back to extreme fear. 🤷

📊 Wintermute drops a fresh report on BTC–Nasdaq dynamics

Wintermute released a new analysis showing that Bitcoin still maintains a strong correlation (~0.8) with the Nasdaq-100. But despite this close link, BTC doesn’t benefit from stock market rallies — it mostly moves in sync when things go bad. 🤷

🔎 Analysts also highlight a negative asymmetry: Bitcoin reacts to downturns but doesn’t share the upside. Historically, this pattern tends to appear not at market tops, but much closer to the bottom.

Could this mean we’re nearing a reversal point? 👀

📉 If you still believe in the classic 4-year cycle…

According to the old-school 4-year cycle theory (which many analysts now consider outdated and irrelevant), the bull market might already be over. This model suggests that after each halving the market follows a predictable pattern — and right now we’d supposedly be entering a prolonged correction phase.

However, many analysts argue that today’s market is driven by macro factors, institutional flows, and geopolitics, making the 4-year cycle far less reliable.

But if you stick to the old rules, it looks like the bull market may have already said its goodbyes. 😬

🍔 Steak ’n Shake credits Bitcoiners as stores hit record sales

Steak ’n Shake — the fast-food chain that launched a Strategic Bitcoin Reserve, introduced a Bitcoin-themed burger, and started accepting BTC payments — reported its strongest quarterly same-store sales among its peers.

They publicly thanked the Bitcoin community, saying:

We thank Bitcoiners for helping us achieve the best same-store sales performance in our category! 👏 And, believe it or not, this quarter is registering an even higher growth rate! 🚀

Their BTC strategy isn’t just marketing: it’s saving them money (processing fees dropped ~50%) and driving real business growth. 📈

Conspiracy theories are back — some claim BTC is being pushed down to shake out Michael Saylor 🧐

Last night Bitcoin dipped to $93k, sparking a wave of speculation on X that the price is being deliberately driven lower to liquidate Strategy’s positions.

💰The company used BTC as collateral for convertible debt, and if the price falls below a certain LTV threshold, it may be required to add collateral or even sell some of its bitcoin.

⚠️ Estimated risk level: ~$75,000

But panic quickly mixed with intrigue:
Michael Saylor posted just two words — “Big week” — and that was enough to set off rumors. Many believe Strategy may have bought the dip and is preparing a major announcement. 👀

The market is stressed, and Saylor is once again fueling the suspense.

🤡 Blockchain sleuth ZachXBT has named a Cardano holder the “clown of the month” after they accidentally lost $6M in a disastrous swap.

The user exchanged 14.4M ADA ($6.9M) for just 847K USDA, Cardano’s dollar stablecoin — all because of extremely low liquidity in the pool, which caused a massive temporary price spike during the swap. 👀

Adding to the drama: the holder had kept their ADA untouched for five years before making this single, catastrophic move.🙀

Andrew Tate: “All BTC holders will end up in jail!” 🚓

Andrew Tate posted that the only way to protect yourself now is to migrate early to private networks and ZK technologies. 😎

Tate — a former kickboxer and outspoken Bitcoin bull — previously said he would abandon fiat entirely and invest hundreds of millions of dollars into BTC.

So that’s who’s buying up all the ZCash on the market 😁

📉 Bernstein: Bitcoin’s drop doesn’t mean the cycle is over

🕵️‍♀️ Analysts at say Bitcoin’s 25% decline from the October peak is not the start of a new bear market but a temporary correction. The market, they argue, isn’t reacting to weakening fundamentals — it’s reacting to fear of a repeat of the classic 4-year cycle that previously ended with sharp sell-offs in 2013, 2017, and 2021. 👀

Despite heavy selling by long-term holders, inflows into spot ETFs and corporate reserves continue to offset the pressure:
— $34B flowed into spot ETFs
— Institutional ownership in BTC ETFs grew from 20% to 28% since late 2024
— Total AUM stands at $125B, even after a $3B outflow in recent weeks

Analysts say this shows a more resilient market structure and reduces the risk of deeper declines.

Among long-term growth drivers, Bernstein highlights:
— Pro-crypto policy support from the Trump administration
— Expected progress on reg
— Loosening U.S. monetary policy

The report’s authors remain long on several crypto assets.

🔍 Interesting fact: Bitcoin has dropped 35% from its October peak, yet it’s now trading roughly at the same levels as it started 2025. 👀

📈 Positive vibes from the CryptoQuant CEO

Ki Young Ju believes the current correction is simply a rotation between long-term holders. Old holders are selling BTC to traders who — surprisingly — are also likely to hold it long term. 💰🐳

👀 In his view, the classic cycle theory doesn’t work as long as funds and companies continue injecting liquidity into the market.

So… does this mean we’re still in a bull market? 🤔

🚀 Bitcoin to $220K in 45 days?

🧠 Yang Hun Kim — who claims to have the highest IQ in the world — predicts that BTC will reach $220,000 within the next 45 days.

He also pledged to donate 100% of his Bitcoin profits to charity, planning to build churches for Jesus Christ in every nation:

"For with God nothing shall be impossible." (Luke 1:37) 😇

📥 Strategy (ex-MicroStrategy) keeps buying BTC — and a lot of it

Strategy reported purchasing 8,178 BTC between Nov 10–16 for $835.6M, with an average price of $102,171. 💰

As of Nov 16, the company holds 649,870 BTC — about 3% of the entire supply.

Since 2020, Strategy has spent $48.37B on Bitcoin at an average of $74,433 per coin.

Michael Saylor dismissed rumors of BTC selling — sparked by the company moving funds to new wallets — saying they were false and that Strategy was actually buying coins every single day last week.

😨 Extreme fear on the market — Fear & Greed Index drops to 11

📉Bitcoin has fallen below $90,000, triggering full-blown panic across the market.

🇸🇻 But while retail is trembling, El Salvador is buying the dip again: the government purchased 1,090 BTC (~$100M) in addition to its ongoing daily 1 BTC buys.

When fear hits 11, some run — others accumulate. 👏

🗽 Donald Trump stated that $2,000 tariff dividends will be sent to Americans by mid-2026. 🙀

Will the bear market last another six months? 👀

CryptoQuant’s Head of Research, Julio Moreno, believes we’re already in a bear market and warns traders to stay cautious about signals hinting at the end of the correction. 😥

Interestingly, his view sharply contrasts with that of CryptoQuant CEO Ki Young Ju, who argues that the current dip is just a rotation among long-term BTC holders, not the start of a new bearish cycle. 🧐

Two experts — two opposite outlooks.
Which one do you believe? 👀

⛏️ 95% of All Bitcoin Has Been Mined

Miners have officially extracted 19.95M BTC — that’s 95% of the total 21M supply set by Satoshi. 💰

After the April 2024 halving, block rewards dropped from 6.25 to 3.125 BTC, reducing daily issuance from 900 → 450 BTC. 📉

Even though almost all coins are already in circulation, the remaining 5% will take over a century to mine — until 2140. 🙀

Bitcoin is gradually shifting to a fee-driven economy, where user transaction fees help maintain hash rate and network security. Mining difficulty meanwhile sits at a record 152.27T. 👨‍💻